John Siuszko, 55, Wharton, New Jersey, a second man admitted his role in a $40.8 million mortgage fraud conspiracy, serving as a straw buyer to cause a lender to release almost $980,000 based on a fraudulent mortgage loan application.
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Richard Pilewicz, 54, Scottsdale, Arizona, an unlicensed real estate agent, pleaded guilty to federal bribery charges for offering to pay thousands of dollars to an individual he believed was a Bank of America employee in exchange for shortened approval times and lower appraisal values in short-sale transactions.
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Michael R. Rouse, 56, formerly of Wellington, Florida, was sentenced, in absentia, by U.S. District Judge Barbara M G. Lynn to 210 months in federal prison and ordered to pay $1.9 million in restitution to the 62 identified victims of his crime.
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Darin Lee McAllister, 44, Brentwood, Tennessee, a Former FBI Special Agent, was sentenced in U.S. District Court in Nashville, to 48 months in prison for his December 2010, convictions on wire fraud and bankruptcy fraud. He devised a scheme to defraud SunTrust Mortgage Co., Inc., in connection with the purchase of rental properties totaling $1.25 million in May and July 2006.
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Alonzo Gene McCowan, 51, Ventura County, California, has been sentenced after pleading guilty to three felony counts arising out of a series of real estate transactions. The crimes are alleged to have occurred during the period of October 2004 through September 2006, but were not discovered until January 2008.
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Sharmon Wade, 37, Jamaica, New York, was sentenced to nine to 18 years in prison for defrauding investors in a scam that involved fictitious real estate property investments. Judge Michael Obus granted the District Attorney’s request that Wade be considered a predicate felon for previous convictions, and ordered Wade to pay $1,242,623.13 in restitution to these victims. Wade pled guilty on May 17, 2010, to grand larceny, securities fraud, scheme to defraud, and a violation of tax law.
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Charles Harvath, 33, Lodi, N.J., admitted to conspiring to participate in a scheme which caused lenders to release more than $40.8 million based on fraudulent mortgage loan applications and conspiring to launder the proceeds of the fraud.
Harvath pleaded guilty to an information charging him with one count each of conspiracy to commit wire fraud and conspiracy to commit money laundering.
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Kimberly K. White, 38, Elizabeth, Colorado, pled guilty before U.S. District Court Judge Robert E. Blackburn on July 15, 2011, to one count of wire fraud related to a mortgage fraud scheme. White was named in a superseding indictment issued by a federal grand jury in Denver on May 20, 2010. White is scheduled to be sentenced by Judge Blackburn on September 30, 2011.
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Joseph Shereshevsky, 54, Brooklyn, New York and Norfolk, Virginia, a former Chief Operating Officer of the private equity firm WexTrust Capital, LLC (“WexTrust Capital“), was sentenced to 262 months in prison on charges stemming from a fraud that raised more than $9 million from
investors in private placement real estate offerings. Shereshevsky was sentenced in Manhattan federal court by U.S. Court of Appeals Judge Denny Chin.
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Alexander Otis Matthews, 46, Dunn Loring, Virginia, a real estate businessman, pleaded guilty to fraud charges in connection with mortgage and investment schemes to obtain more than $12 million in fraudulent loans.
Matthews pleaded guilty before Judge Liam O’Grady in U.S. District Court in the Eastern District of Virginia to one count of bank fraud and one count of wire fraud. Matthews was charged with bank fraud on Nov. 17, 2010, in an
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